On average, listings lease in the $20's per square foot per year. The Avenues region is going through a a boost in rates. In the last 3 months, the median rate increased $29 per sqft per year.
Compared to the rest of the Jacksonville market, the Avenues region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 0 listings have been made available, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About Inf% of the office spaces in the Avenues are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 45,320 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 10 floors. Most buildings in this region were built in 1989 and are Class A.
Public administration is the dominant industry in this area. Most of the residents of Avenues work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.